Let us review what happened yesterday.

Market was very choppy. It made very sharp up and down moves throughout the day and finally settled lower.

With NIFTY ending 34.5 points lower, the SELL picks should have done better. It did not happen.

We had three stocks from Automobile Sector as SELL selections. All of them were in the green throughout most of the day. In fact at some point they were up by more than one percent.

The BUY selections could not do well in a declining trend.

But two of the stocks remained true to the trend and made significant declines.

Among the BUY selections, RELIANCE was down by 0.64% and TECHM by only 0.12%.

Let us see whether they are able to stay in the green in the days to come.

Here is the performance of the SELL selections:

Only 2 out of these 5 went right. LUPIN was down by 1.96% and SBIN by 2.18%.

TATAMOTORS, MARUTI and BAJAJAUTO were up by 0.23, 0.25 and 0.01 % respectively.

This is what I say about selections. It does not matter if few of them end up being wrong. We have to derive the benefit from those which are right.

I had added IBULHSGF to the SELL list yesterday.

After staying up for most of the day, it finally settled with a -0.41% decline.

That actually makes it 3 out of 6 on Sell side.

Review :

We stay with all the trades.

2 on the BUY side and 6 on the SELL side.

Even the Automobile Sector which showed some momentary strength yesterday, finally fizzled out. With the global trend being negative, I do not believe that we shall have a turn around immediately.

Let us watch how it goes from here.

Disclaimer :

This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.